Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
Please note that you are entering the site for INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking Continue, you acknowledge the information below.
You confirm that you wish to continue to open an account with INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking continue, you acknowledge that you will not receive the protections that you would normally be afforded under EU regulation.
EUR remains on the backfoot after yesterday’s dovish ECB policy decision. The European Central Bank (ECB) raised interest rates yesterday, but also signaled that they have reached a "sufficiently restrictive" level of rates. This sent the EUR lower across the board.
The current outlook for the markets is mixed. Oil prices are likely to remain supported by tight supply, but equities could be weighed down by concerns about inflation. The US Dollar is likely to remain strong, but could come under pressure if the ISM Services PMI disappoints.
The Reserve Bank of Australia (RBA) is expected to hold interest rates at 4.10% at its meeting tomorrow, according to a majority of analysts.
The AUD is trading lower today, but we continue to think that the currency offers value at the current levels. The main focus for the markets today will be the NFP and ISM Mfg PMI reports. A miss in either of these reports could be a bullish catalyst for the AUD.
Level up your trading activity - discover the INFINOX experience today.
Research & Insights
Our research will arm you with everything that you need to know to make the most of your financial trading opportunities.
Curated especially for new traders. Our educational suite is an essential toolkit to getting started with your trading journey.
In the press
Stay abreast with the newest developments at INFINOX. Discover all our latest news and announcements.